Editor's Note:

(November 17, 2012)

I am not adding new trades tonight. The market is likely to be treacherous between now and yearend. Until Washington finds a solution for the fiscal cliff I fear that any market rally will be used as another opportunity for bearish trades. There are still opportunities in the market but they are fewer and farther apart.

Our two new watch list candidates in tonight's newsletters happen to look pretty strong and have been relatively unaffected by the market's November correction. There is a good chance that both of them could be triggered this week if the market bounces.

Nimble traders may want to check out GGC on our radar screen below. The stock looks ready to breakout. I am concerned with the extremely wide option spreads. The LEAPS on GGC are currently too wide to trade but you might be successful with a shorter-term trade.

Radar Screen:
Here is a list of stocks on my radar screen. These have potential to be LEAPS trades down the road if the right entry point presents itself:

HD, HFC, VMC, APKT, GGC, JBHT, CLB, CVLT, TJX, M, AAPL, LSTR,